FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production costs (including USD 30,000 of fixed costs) are budgeted at USD 150,000 for an expected output of 100,000 units. Actual output was 90,000 units,

image text in transcribed
Production costs (including USD 30,000 of fixed costs) are budgeted at USD 150,000 for an expected output of 100,000 units. Actual output was 90,000 units, while actual costs were USD 142,500. What is the budget variance and is it favorable or unfavorable? a. USD 5,500 unfavorable. b. USD 6,500 favorable. c. USD 6,500 unfavorable. d. USD 4,500 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Econometrics With Economic Applications

Understanding Econometrics With Economic Applications

Authors: Dennis Halcoussis

1st Edition

0030348064, 9780030348068

More Books

Students also viewed these Economics questions

Question

★★★★★
A beam of X-rays with wavelength falls at a glancing angle 60.0 on a linear chain of scattering centers with period a. Find the angles of incidence corresponding to all diffraction maxima if = 2a/5.

Answered: 1 week ago

Question

★★★★★
What is the face value of a 90-day interest-bearing promissory note dated January 03, 2019 with a maturity value of $25,400.68 and interest rate of 6.50% p.a.? AppendixLO1

Answered: 1 week ago

Question

★★★★★
Explain why economists sometimes use religion to explain financial and investment decisions.

Answered: 1 week ago

Question

★★★★★
Unit, Group, and Composite Depreciation The certified public accountant is frequently called upon by management for advice regarding methods of computing depreciation. Of comparable importance,...

Answered: 1 week ago

Question

★★★★★
Thermal Rising, Inc., makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also makes custom-designed paragliders. Management has...

Answered: 1 week ago

Question

★★★★★
What is the balloon payment at the end of the loan term of 7 years for a $200,000 loan with monthly payments, an interest rate of 7.00%, and an amortization period of 30 Years? 1 $181,847.24 2...

Answered: 1 week ago

Question

★★★★★
What are the key differences between leadership and management in a business context?

Answered: 1 week ago

Question

★★★★★
2. Given the information below, complete the MRP record and explain what it tells the inventory analyst to do. Lot Size Rule: Fixed Q = 200 units Lead Time = 2 weeks Safety Stock: 0 units Current...

Answered: 1 week ago

Question

★★★★★
Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

★★★★★
What is quality of work life ?

Answered: 1 week ago

Question

★★★★★
Explain the main functions used in OpenGL. [8 marks] b) Explain the meaning of the term parallel projection and explain where it is most applicable. [6 marks] c) Find the angle between vectors (3, 7)...

Answered: 1 week ago

Question

★★★★★
Explain the development of human resource management (HRM)

Answered: 1 week ago

Question

★★★★★
Based on what you know about Carter Cleaning Centres, outline the steps of what you think would be an ideal grievance process for this company. On visiting one of the cleaning locations, Jennifer was...

Answered: 1 week ago

Question

★★★★★
In addition to the grievance process, can you think of anything else that Carter Cleaning Centres might do to ensure that grievances can be expressed and shared with top management without fear of...

Answered: 1 week ago

Previous Question Next Question